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Friday, June 17, 2016

Don’t Forget to Report Certain Foreign Accounts to Treasury by the June 30 Deadline

Don’t Forget to Report Certain Foreign Accounts to Treasury by the June 30 Deadline



In general, the filing requirement applies to anyone who had an interest in, or signature or other authority over foreign financial accounts whose aggregate value exceeded $10,000 at any time during 2015. Because of this threshold, the IRS encourages taxpayers with foreign assets, even relatively small ones, to check if this filing requirement applies to them.

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